Tokenize Indonesia Launched to Boost US$88B Asset Tokenization Market

Saison Capital, BRI Ventures, and Coinvestasi have jointly launched Tokenize Indonesia, a new accelerator program designed to support and foster the growth of Real-World Asset (RWA) startups in the blockchain and tokenization sector. The initiative aims to drive innovation and adoption of tokenized assets in Indonesia, leveraging the findings from the November 2024 report “Project Wira – Indonesia’s Asset Tokenization Opportunity,” which identified a potential market of US$88 billion for asset tokenization in the country.

The Tokenize Indonesia program will run from April to August 2025. Shortlisted startups will have the opportunity to develop Proof of Concepts (POCs) with leading corporations across Indonesia, including financial institutions like Bank Rakyat Indonesia (BRI) and telecommunication providers like Telkom Indonesia. The program will culminate in August with a showcase at Asia’s largest crypto festival, Coinfest Asia, scheduled for August 21-22 in Bali.

The launch of Tokenize Indonesia was announced at ONCHAIN 2025, an annual conference organized by Saison Capital, D3 Labs, Helix, and Emurgo. The event brought together over 500 leading investors, founders, and industry leaders in the RWA sector from both traditional finance and fintech backgrounds. The conference highlighted the growing interest and investment in blockchain technology and its potential to transform financial systems and create more equitable opportunities.

Qin En Looi, Partner at Saison Capital, emphasized the firm’s commitment to blockchain technology and its role in shaping the future of inclusive finance. Despite market volatility, Saison Capital remains an active investor in blockchain startups that address real-world financial challenges. The partnership with BRI Ventures and Coinvestasi is seen as a crucial step in driving greater support for founders and solving existing corporate challenges.

Markus Liman Rahardja, Chief Investment Officer at BRI Ventures, underscored the venture arm’s commitment to exploring and investing in transformative technologies that will shape the future of finance in Indonesia. BRI Ventures aims to foster collaboration between established financial institutions and innovative technology partners to catalyze sustainable growth, drive financial inclusion, and accelerate the adoption of digital assets.

Steven Suhadi, Founder of Coinvestasi, noted the rapid growth of Indonesia’s blockchain and tokenization ecosystem, with over 20 million crypto users and a thriving developer talent pool. The increasing institutional engagement and regulatory clarity are laying the foundation for long-term progress in the industry. Coinvestasi’s role is to connect the ecosystem, fostering dialogue, sharing insights, and enabling partnerships that drive the industry forward.

Indonesia’s blockchain and tokenization ecosystem is supported by a tech-savvy demographic, an expanding middle class, a growing fintech sector, and increasing adoption of digital payment infrastructure. These factors contribute to a foundational environment for blockchain-based innovations to emerge and scale. The “Project Wira” report highlights blockchain’s potential to transform Indonesia’s financial ecosystem, with 7% of the population owning digital assets, surpassing the number of stock investors on the Indonesia Stock Exchange (IDX). Innovations are already sprouting up in areas such as digital money, commodities, bonds, carbon credits, and real estate, with an estimated demand for asset tokenization reaching US$88 billion by 2030.

For RWA startups interested in capturing the immense opportunity in Indonesia, applications for Tokenize Indonesia are now open at https://tokenizeindonesia.com. The program offers a unique platform for startups to develop and showcase their innovations, leveraging the support and resources of leading corporations and industry experts.